Stocks trim earlier gains...Billions in aid for farmers...Ivanka Trump company shutting down
NEW YORK (AP) — U.S. stock indexes have been mostly higher this afternoon after trimming some of their gains from earlier in the day. Banks, health care companies and technology stocks accounted for most the market’s gains. Energy stocks also rose along with crude oil prices. Consumer goods manufacturers and utilities stocks were among the laggards.
WASHINGTON (AP) — The Agriculture Department is announcing a $12 billion “short-term” plan to help U.S. farmers hurt by retaliatory tariffs. Agriculture Secretary Sonny Perdue says the plan will help a broad number of farmers deal with the cost of “disruptive markets” as U.S. trading partners have retaliated for President Donald Trump’s tariffs on imported goods.
NEW YORK (AP) — Ivanka Trump’s clothing company is shutting down, after some stores dropped her line and she decided ethics restrictions were holding back its ability. In an email to CNBC, she said she doesn’t know if or when she will return to the business -- but that her focus “for the foreseeable future” will be the work she’s doing in Washington.
MADRID (AP) — Netflix says it’s establishing in Spain its first content production hub on European soil as the online video entertainment platform tries to expand in different languages. A company statement says the new production center in the outskirts of Madrid will initially occupy close to a quarter of the 22,000 square-meter production hub currently under construction by a leading Spanish media company.
PROVIDENCE, R.I. (AP) — A hospital operator in Rhode Island is using temporary workers to care for hundreds of patients after nurses went on strike. About 2,400 nurses and other health care workers at Rhode Island Hospital and Hasbro Children’s Hospital began what’s expected to be a weeklong strike Monday.